So, we’re closing in on month 4 of Malaise 2.0. Let’s take a look at those inflation numbers, shall we?
U.S. inflation rises more than forecast, hits 4.2% in April on base effect https://t.co/COWmOBzJ4u pic.twitter.com/7jPuAbuItq
— Bloomberg Markets (@markets) May 12, 2021
U.S. consumer prices increased 4.2% in April, compared with a year ago. In 2020, before this increase, one in five Americans already reported struggling to afford food at some point in the past 12 months. https://t.co/LVhlcagmiz pic.twitter.com/K1GgDULwcj
— GallupNews (@GallupNews) May 12, 2021
Up 4.2% since April 2020? Does that make you nervous? Uneasy? Scared?
Well, if so, according to Nobel Prize-winning economist Paul Krugman, you need to cool your jets:
So, the inflation report wasn't a nothingburger, but it was sort of a White Castle slider — not a very big deal.
— Paul Krugman (@paulkrugman) May 12, 2021
Not a very big deal that prices have gone up and the value of the dollar is plummeting. So quit whining and freaking out!
it's only a big deal if you need to buy stuff.
— THCarroll (@thcarroll1) May 12, 2021
Yup it’s only a problem if you have to eat or if you have to turn on the light, heat the room or take a hot shower.
Not a big deal— TΞⵙrᐲclΞS (@teoracles) May 12, 2021
Not a big deal, folks!
Saving this for when it doesn't age well.
— ShloppyJoe (@JoeShloppy) May 12, 2021
It’s already stale and moldy.
You are so wrong this time.
— Clive Mansa (@clivemansa) May 12, 2021
This time? When is he right?
— Jeff Gremillion (@JeffGremillion) May 12, 2021
Good point.
Why did anyone ever listen to anything you ever said?
— S. Marshall Wilson (@smarshallwilson) May 12, 2021
What a position of privilege this is.
— Riv (@8Riv8) May 12, 2021
What a f'ing hack. https://t.co/r3ZT1RwGWm
— IncognegroNeville 🇯🇲🇺🇸 (@FormerlyCBM) May 12, 2021
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